Leading Economic Indicators increased m/m 0.1% in February
after negative numbers in January, October, September, August, and July. Since
these are leading indicators, they point to a slowing beginning starting around
February. Half of the 10 index components were up this month. which compares to
3 in January, 5 in December, 7 in November, 2 in October, 4 in September, 4 in
August, and 3 in July.

Leading Indicators Trend Downwards
click for larger chart
Lei_march_05

Source: MFR

Prior economic forecasts by Wall Street have been as high as
4.5-5% (annualized real GDP growth). The recent LEI point to weak GDP growth.

>

Random Items:

Why You Should Own Gold & Dollars 

Making the Bull’s Case and the Bear’s Case

Vanguard ETFs go global

Dot-con job: How InfoSpace took its investors for a
ride

Startups Are Missing the Mac Opportunity

High Definition and the future of viewing

>

Quote of the Day:

"Not the maker of plans and promises, but rather the one who offers
faithful service in small matters. This is the person who is most likely to
achieve what is good and lasting."   

~Johann Wolfgang Von Goethe (1749-1832)

Category: Economy, Markets

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

2 Responses to “Chart of the Week: Leading Indicators Trend Downwards”

  1. marku says:

    Odd, quite a divergence from ECRI, who forecasts an aceeleration in the near (6mos) term.

  2. spencer says:

    Across the board you are seeing this conflict with economists and the consensus expecting good growth while various leading indicator approaches are projecting a weaker economy.